I own a home with a friend. I want to sell she does not. Both of us are on the deed, the mortgage is in my name alone. Right now the house is worth less than the debt amount. She has no equity in house, never made a payment or paid for any expenses, while I did.
Is my understanding correct in that if the debt exceeds the value, the court would split that between us, and she would owe me half? If she refused to pay, the court will order a sale of the property, and each of us would be responsible for paying half of any deficiency? Or am I just responsible for the deficiency since I'm the only one on the mortgage?